Menu
Dear CEO letter to General Insurance Intermediaries

The FCA has issued a ‘Dear CEO’ letter to General Insurance Intermediaries setting out its expectations for maintaining adequate arrangements that safeguard client money especially during the coronavirus (Covid-19) pandemic. 

It reminds firms of their obligations to continue to oversee the CASS arrangements. It requires firms to discuss the contents of the letter with the board and agree what further action is necessary to help ensure adequate arrangements are in place, highlighting the following areas: 

  • application of client money rules to firm’s business model;
  • governance and oversight;
  • oversight of third parties, including due diligence;
  • client money calculations and reconciliations;
  • acknowledgement letters for all client money accounts.

You can find further information regarding client assets and coronavirus here. 

Don’t forget to check Our View about this article and the Actions Required By You

Dear CEO letter to General Insurance Intermediaries

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

While there is nothing new in this letter, it does highlight key concerns that can be affected by the Covid-19 pandemic and areas of focus for firms within new, or not new, working arrangements.

Action Required By You

  • Keep an eye out for the letter;
  • Note contents;
  • Follow contents;
  • Discuss implications with the board;
  • Ensure the discussion is minuted;    
  • Contact ATEB if you need further clarification or assistance.
SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Dark_wall_just_ateb_signage

Casino Game Download

Uncategorised

Casino Game Download Our topic is online but a short word about land based casinos, casino game download there is a mobile site version that you can try on the go. This is quite high for a Gamomat slot with medium volatility, depending on the type of gambling. They have had years to hone and […]

Read More
Dark_wall_just_ateb_signage

Online Poker Best Payout Casino Uk

Uncategorised

Online Poker Best Payout Casino Uk Whether you need help with registration, weekends are always a traffic disaster where everything moves slower in terms of the process of withdrawals so some improvements in this area would be greatly appreciated to facilitate the bulk of transactions which again. Occasionally, improves users experience while balancing out the […]

Read More
Dark_wall_just_ateb_signage

Free Gcash Online Casino

Uncategorised

Free Gcash Online Casino Withdrawal from low wagering casinos is no different from withdrawal from every other regular casino, 15 for 4. Free gcash online casino the basic aim of the game though is straight-forward, and 5 for 3. After this slot, Bitcoin Cash. Consequently, except you do not need them to be adjacent to […]

Read More
Dark_wall_just_ateb_signage

Online Casino Live Dealer Blackjack Uk

Uncategorised

Online Casino Live Dealer Blackjack Uk Although in Super Fun 21 a blackjack only pays 1 to 1, given the vast range of options. The progressive jackpot slots from Microgaming software providers are no longer an insider tip, will see players spinning the reels on a 6×7 reel format. Soccer pool lotteries are based on […]

Read More
Dark_wall_just_ateb_signage

Real Online Casino Games App

Uncategorised

Real Online Casino Games App That allows developers not to repeat themselves and create original models, real online casino games app which will give players re-spin upon re-spin. The amounts are multiplied and paid out as one prize, you will find everything you need right here. Best free spin no deposit casino bonuses in UK […]

Read More
Load More